KUALA LUMPUR, July 30 — Capital A is entering into a partnership with UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, involving three key subsidiaries, namely AirAsia, airasia Superapp, and BigPay.
In a statement today, Capital A said UnionDigital Bank’s role will be to provide embedded finance in partnership with BigPay within the airasia Superapp travel platform, the main booking channel for AirAsia flights in the Philippines.
“This synergy promises to deliver a seamless and enriched travel booking experience for airasia Superapp’s users and redefine the way people travel and manage their finances.
“The partnership will enhance the travel experience of frequent fliers with flexible payment options with a Fly Now, Pay Later offer available in airasia Superapp, and exclusive co-branding deals.
“This will create a progressive shift in the way customers plan and pay for their flights and other travel-related services, making fintech more convenient and accessible for Filipino communities,” it said.
Its chief executive officer (CEO) Tony Fernandes said with UnionDigital as a partner, the group is now on its way to creating a future where travel meets innovative financial solutions that facilitate everyone’s dream journeys with unparalleled ease
“Data has shown that seven out of 10 of our customers in the Philippines save up for their travel plans, carefully budgeting to ensure they can explore the world comfortably. It is this inspiring dedication that fuels our determination to break down barriers and create a more connected and inclusive global community,” he said.
Through this partnership, Capital A said BigPay will be able to serve Philippine customers with secure and frictionless financial services that will improve their financial health and management in the long run.
BigPay CEO Zubin Rada Krishnan said through this partnership, the company is one step closer to making its financial services highly accessible in the Philippines, with the mission of empowering people to level up their lives, one transaction at a time.
“With these key partnerships, we believe we can continue to make lives better in the Philippines through innovative and smart financial services,” he said. — Bernama
